New Project: Colfax Marketplace

If you looked closely at the map from the September 2013 Residential Boom Update, you may have noticed there are a couple of projects we haven’t covered yet here on DenverInfill. Today, we are going to look at one of those projects; a new 74-unit apartment building, named Colfax Marketplace, going up in the Capitol Hill neighborhood. This project will be situated on the southeast corner of Colfax Avenue and Corona Street. Here is a map with the project site outlined.

Here is a conceptual rendering of the project courtesy of KTGY. Even though this isn’t the final design, this apartment building will have a modern design with brick and stucco for the exterior materials. Since the Colfax Marketplace will face Colfax, which is zoned as a main street, there will be ground floor retail along the entire building.

Right now on the site there is an old 3-story building, that used to house Smiley’s Laundry, and a parking lot. Recently, Slipstream Properties, the developer of Colfax Marketplace, bought the 3-story building and will be renovating both the 28 apartments and the 7,000 square feet of already existing ground floor retail space.

Units in the 3-story building will be a combination of studio and one-bedroom units ranging from 400-600 square feet in size with monthly rents between $800-$1000. Unit sizes and pricing are not yet available for the new 5-story building which is expected to break ground in March 2014 with completion in the Fall of 2015. East Colfax is going through a huge transformation and each infill or adaptive reuse project is helping restore what Colfax used to be; Denver’s main street.

I would love to have a street car that goes from Colfax/I225 Light Rail Station to either the Civic Center Station or Colfax at Auroria Light Rail station.

Fritz
September 25, 2013 at 9:14 am

Absolutely love that they’re leaving the laundromat building intact. The new building looks fine aside from the goofy neon on the top (hope they get rid of that). Curious as to why they didn’t just stick another floor on top of it, as it’s zoned C-MS-8!

Andy
September 25, 2013 at 4:30 pm

Going above 5-stories pushes you into a different construction type, which makes construction costs much higher. It’s not just a question of sticking another story up there. That is why you see a lot of 5-story development or plus 10-story development. It is hard to figure out how to economically build something in the 6-10 story range.

Fritz
September 26, 2013 at 11:07 am

I’m aware of that, just thought I had seen developers do stick-frame up to six stories. Maybe I just imagined it!